Political Quotes

“This bill adds $622 billion to the deficit, the vast majority of which is through permanent tax provisions. For those who propose to have the increase in the deficit continue to drive down defense domestic spending, this bill will almost certainly accomplish this. By FY17, nondefense discretionary spending will have already fallen to its lowest level, as a share of the economy, since 1962. These cuts seriously threaten programs that assist the middle class or those who are striving to reach the middle class, programs like Head Start and Pell Grants and those in job training and those in basic health research. For those who want, as they have for years, to make tax breaks permanent so that they will not have to be offset in revenue-neutral tax reform, this bill will help them carry it out, leaving more room to cut taxes for the very wealthy, which they will say will pay for themselves. For those who want to continue tax cuts that were only intended for a specific period, like expensive bonus depreciation, the purpose of which is to ease recovery from the recession and to lose its effectiveness otherwise, this bill will help do that. For those who want to continue international tax proposals, often serving as a loophole and helping to move resources overseas, this bill will help do that.…”